DIRECTV Stockholders Approve Merger with AT&T Inc.
September 25 2014 - 10:44AM
Business Wire
At a special meeting today, DIRECTV (NASDAQ: DTV) stockholders
voted overwhelmingly to approve DIRECTV’s proposed merger with
AT&T Inc. (NYSE: T). The final voting results indicate more
than 99 percent of votes cast were in favor of the adoption of the
merger agreement, representing 77 percent of all outstanding
shares.
The proposed merger remains subject to regulatory review and
approval including expiration of waiting periods mandated by the
Hart Scott Rodino Act to permit review and appropriate action by
the U.S. Department of Justice and review and approval by the U.S.
Federal Communications Commission for required transfer of licenses
and other FCC authorizations, as well as approval by certain
international regulatory bodies. The transaction is expected to be
completed in the first half of 2015.
Cautionary Language Concerning Forward-Looking
Statements
Information set forth in this communication, including financial
estimates and statements as to the expected timing, completion and
effects of the proposed merger between DIRECTV and AT&T,
constitute forward-looking statements within the meaning of the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. These estimates and statements are subject to risks
and uncertainties, and actual results might differ materially. Such
estimates and statements include, but are not limited to,
statements about the benefits of the merger, including future
financial and operating results, the combined company’s plans,
objectives, expectations and intentions, and other statements that
are not historical facts. Such statements are based upon the
current beliefs and expectations of the management of DIRECTV and
AT&T and are subject to significant risks and uncertainties
outside of our control.
Among the risks and uncertainties that could cause actual
results to differ from those described in the forward-looking
statements are the following: (1) the occurrence of any event,
change or other circumstances that could give rise to the
termination of the merger agreement, (2) the risk that the
necessary regulatory approvals may not be obtained or may be
obtained subject to conditions that are not anticipated, (3) risks
that any of the closing conditions to the proposed merger may not
be satisfied in a timely manner, (4) risks related to disruption of
management time from ongoing business operations due to the
proposed merger, (5) failure to realize the benefits expected from
the proposed merger and (6) the effect of the announcement of the
proposed merger on the ability of DIRECTV and AT&T to retain
customers and retain and hire key personnel and maintain
relationships with their suppliers, and on their operating results
and businesses generally. Discussions of additional risks and
uncertainties are contained in DIRECTV’s and AT&T’s filings
with the Securities and Exchange Commission. Neither DIRECTV nor
AT&T is under any obligation, and each expressly disclaim any
obligation, to update, alter, or otherwise revise any
forward-looking statements, whether written or oral, that may be
made from time to time, whether as a result of new information,
future events, or otherwise. Persons reading this announcement are
cautioned not to place undue reliance on these forward-looking
statements which speak only as of the date hereof.
DIRECTV (NASDAQ:DTV) is one of the world's leading providers of
digital television entertainment services. Through its subsidiaries
and affiliated companies in the United States, Brazil, Mexico and
other countries in Latin America, DIRECTV provides digital
television service to over 20 million customers in the United
States and over 18 million customers in Latin America. DIRECTV
sports and entertainment properties include two regional sports
networks (Rocky Mountain and Pittsburgh) and minority ownership
interests in Root Sports Northwest and Game Show Network. For more
information on DIRECTV, visit directv.com.
DIRECTVMedia Contact:Darris Gringeri,
212-205-0882orI.R. Contact:Martin Sheehan, 310-964-0808
DTE Energy (NYSE:DTV)
Historical Stock Chart
From Jun 2024 to Jul 2024
DTE Energy (NYSE:DTV)
Historical Stock Chart
From Jul 2023 to Jul 2024